Pan Am Railways to be Acquired by CSX

By Kurt Stolz on 30 November 2020
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Pan Am Railways announced the signing of a definitive agreement for CSX to acquire the company.

Founded in 1981 as Guilford Transportation Industries, Pan Am Railways owns and operates a nearly 1,200-mile (1,931-kilometer) rail network and has a partial interest in the more than 600-mile (966-kilometer) Pan Am Southern system.

Guilford acquired the Pan Am name, colors, and logo in 1998, changing its name to Pan Am Systems and the name of Guilford Rail System to Pan Am Railways.

In a statement, CSX said that the acquisition would “provide significant benefits to shippers and local communities.  CSX plans to integrate Pan Am into its network.

“In Pan Am, CSX gains a strong regional rail network in one of the most densely populated markets in the U.S., creating new efficiencies and market opportunities for customers as we continue to grow,” said the railroad’s CEO, James Foote.

The parties did not provide a date for the closing of the transaction, which is subject to customary conditions and regulatory approval.

(Photo: Accura Media Group)

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